Watching the drama of Russia’s private banks collapsing one by one naturally triggers fear: of more than 3,000 registered banks, about 2,600 have already lost their licenses. After the bailout of Otkritie and BIN, the government’s share in Russia’s banking system assets exceeds 80 percent. Fixing Russia’s banking system requires addressing the deep and systematic flaws in the central bank and the financial sector at large.
Saad Andary of Lebanon’s Central Bank says its foreign currency reserves guarantee financial stability in the years ahead.
Having drawn up the intent and will to develop the Andamans, New Delhi will now have to build its smart islands with cooperation from its maritime partners. The strategic development of these islands is no longer an option but a necessity.
China has a unique economy where both state and market play an important role. Western observers often misunderstand issues such as China’s growth model, debt problems, and potential housing bubbles.
China is unique in terms of its economic performance but is not exceptional. People need a different set of assumptions to understand China’s economy even though the economic principles for analysis are the same.
Economist Jad Chaaban talks about the challenges to Lebanon’s economy, but suggests that not all is bad.
The unyielding antagonism between India and Pakistan remains one of the greatest tragedies of Asian politics.
Comparing Xi Jinping’s report at the 19th Party Congress to earlier such documents provides an excellent indicator of continuities and recent changes in Chinese foreign policy.
Exactly twenty years have passed since the Asian financial crisis, a landmark event that triggered massive economic disruption in the heart of Asia even as its shockwaves reached as far afield as Russia and Brazil.
How President Xi Jinping addresses his country’s major economic challenges after the 19th Party Congress will determine whether he will be a transformative leader similar to Mao Zedong or Deng Xiaoping.